NQ Mobile Inc. (ADR) (NYSE:NQ) shares are are up by 14% in today’s trading session after it reported a record quarterly top-line figure of $127.5 million for the fourth quarter, a 42.1% year-over-year increase. NQ Mobile’s fourth-quarter net income reached $19.9 million, or $0.21 per American Depositary Share (ADS). For the full 2015 year, the company reported record annual net revenue of $406.7 million, which marks an increase of 22.4% year-over-year. NQ Mobile Inc. (ADR) (NYSE:NQ)’s mobile value added service revenue for 2015 totaled $139.6 million, up from $106.1 million in 2014. The increase was mainly driven by growth in mobile gaming revenuesand live mobile social video platform revenue. A total of eight hedge funds tracked by Insider Monkey were invested in NQ Mobile at the end of December 2015 including Ken Griffin’s Citadel Advisors, which had 109,050 ADSs of NQ Mobile Inc. (ADR) (NYSE:NQ) in its portfolio at the end of 2015.
Biopharmaceutical company Inovio Pharmaceuticals Inc. (NASDAQ:INO) has seen its stock gain over 6% in today’s trading session, after announcing great news about its novel therapeutic DNA-based monoclonal antibody product dMAb and DNA vaccine targeting the chikungunya virus (CHIKV). The company, which focuses on developing active DNA immunotherapies and vaccines for the treatment and prevention of cancers and infectious diseases, revealed that its dMAb antibody and DNA vaccine provided 100% protection against a lethal virus challenge in mice. The chikungunya virus is transmitted to people by mosquitoes, with its most common symptoms being fever and joint pain. Outbreaks of this virus have already occurred in African, Asian, European, and other countries, but there is no vaccine to prevent the virus or treat the chikungunya virus infection just yet. However, Inovio Pharmaceuticals Inc. (NASDAQ:INO)’s DNA vaccine and dMAb products show great potential to provide both immediate and long-term protection to the global populace from CHIKV infection. Shares of Inovio are up by 12% year-to-date and could go even higher should the company’s Zika, MERS and Ebola dMAb products (which are being developed by the company) share the same success as the CHUKV product. The hedge fund sentiment towards the biopharmaceutical company increased in the fourth quarter of 2015, as the number of funds invested in the company climbed to 11 from seven quarter-over-quarter. Israel Englander’s Millennium Management reported owning 697,543 shares of Inovio Pharmaceuticals Inc. (NASDAQ:INO) through its 13F for the December quarter.
Follow Inovio Pharmaceuticals Inc. (NASDAQ:INO)
Follow Inovio Pharmaceuticals Inc. (NASDAQ:INO)
Zillow Group Inc. (NASDAQ:ZG)’s shares are 5% in the green today after analysts at RBC Capital Markets issued a very promising upgrade on the company this morning. RBC upgraded Zillow to ‘Outperform’ from ‘Sector Perform’ and spiked its price target on the stock to $34 from $21, citing promising online traffic trends and positive real estate agent survey data. Zillow Group is an operator of real estate and home-related information marketplaces and has a portfolio of brands that includes real estate and rental marketplaces such as Zillow, Trulia, StreetEasy and HotPads. Analysts at RBC Capital markets surveyed approximately 470 U.S real estate agents and concluded that the company has scored well with agents spending more than $500 per month in online advertising. RBC suggests that Zillow Group is well-positioned to benefit from a possible revival in the housing market, which could drive up agent advertising online. Moreover, recent data shows that online traffic on Zillow’s website increased by 34% year-over-year in March. Shares of Zillow Group are still down by 3% year-to-date despite having gained 15% in the past month. There were 22 top money managers monitored by our team which were invested in the company at the end of the fourth quarter, accumulating 7.50% of its outstanding common stock. Brad Gerstner’s Altimeter Capital Management owned nearly 802,000 shares of Zillow Group Inc. (NASDAQ:ZG) on December 31.
Follow Zillow Group Inc.
Follow Zillow Group Inc.
Disclosure: None